Mezzasalma Advisors LLC Grows Holdings in The Charles Schwab Co. (NYSE:SCHW)

Mezzasalma Advisors LLC lifted its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,439 shares of the financial services provider’s stock after acquiring an additional 890 shares during the quarter. Charles Schwab accounts for approximately 2.0% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Mezzasalma Advisors LLC’s holdings in Charles Schwab were worth $6,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vest Financial LLC raised its position in Charles Schwab by 24.3% during the fourth quarter. Vest Financial LLC now owns 8,556 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 1,672 shares during the period. BayBridge Capital Group LLC raised its position in shares of Charles Schwab by 1.6% during the 4th quarter. BayBridge Capital Group LLC now owns 19,541 shares of the financial services provider’s stock worth $1,446,000 after purchasing an additional 309 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in Charles Schwab by 3.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 7,378 shares of the financial services provider’s stock valued at $546,000 after buying an additional 256 shares in the last quarter. Capital Management Associates Inc boosted its holdings in Charles Schwab by 12.5% in the 4th quarter. Capital Management Associates Inc now owns 4,062 shares of the financial services provider’s stock worth $301,000 after buying an additional 451 shares during the last quarter. Finally, Arcataur Capital Management LLC boosted its holdings in Charles Schwab by 11.3% in the 4th quarter. Arcataur Capital Management LLC now owns 7,398 shares of the financial services provider’s stock worth $548,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Charles Schwab Price Performance

Charles Schwab stock opened at $83.18 on Friday. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $84.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The company’s 50 day simple moving average is $77.99 and its 200-day simple moving average is $71.66. The company has a market capitalization of $148.04 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. Charles Schwab’s dividend payout ratio is currently 33.44%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SCHW. Raymond James decreased their target price on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Barclays raised their price objective on Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group boosted their price target on shares of Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.50.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Christopher V. Dodds sold 9,284 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the sale, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of Charles Schwab stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total value of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,014 shares of company stock worth $4,052,281. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.